Sears files for bankruptcy

[terry78]

Sears Files for Chapter 11 Bankruptcy


Ahhh Sears....you went the way of Kmart.

 

[Brutikus]

Or does a TRU?

 

[Teelie]

Sears ate K-Mart and this is its way of getting revenge. That and both of them were doomed years ago but staved off the inevitable with this merger and a whole lot of loans.

 

[Lily Adler]

I blame Zod and Superman.

 

[Erzengel]

Now where am I going to find lingerie catalogs for perusing?

 

[Immortalfire]

The end of an American icon.

 

[terry78]

Once liquidation starts my game plan is buy a **** ton of electronics and Structure men's wear.


This is my life.

 

[Pink Ranger]

Now where am I going to find lingerie catalogs for perusing?

 

[tzarinna]

Let me know when the tools are half off.

 

[squeekness]

All the Sears around me already closed.

 

[Schlosser85]

We have a Sears at our mall, though I don't know for how much longer. The Super Kmart I worked at years ago is gone.

 

[Teelie]

Let me know when the tools are half off.

They already sold their Craftsman line a while back so their best tool line is gone.

On the upside for me, we got a new washer/dryer set for half off from a Sears closing down near here a few weeks before the bankruptcy occured.

 

[psylockolussus]

I blame Zod and Superman.

It wasn't real.

 

[terry78]

That's what big brother wants you to think.

 

[Lily Adler]

It wasn't real.

The threat of aliens running around destroying a city is very real good sir!

 

[Dave McFly]

yeah the sears in the mall in Erie PA which was one of the bigger stores (it was 2 floors) shut down last year along with the auto center before it. the one in my mall is open but the auto center closed years ago so not sure when my store will go DOA, we already lost the Bon Ton that was the 2nd biggest store in my mall when it and others in the area went out of business. the only big store left in my mall is a JC Pennys and a Office Max.

 

[Handsome Rob]

They already sold their Craftsman line a while back so their best tool line is gone.

On the upside for me, we got a new washer/dryer set for half off from a Sears closing down near here a few weeks before the bankruptcy occured.

I loved American-Made Craftsman tools. My parents bought me a set for Christmas my senior year of high school. 20 years later, they still all work fine. My dad has Craftsman tools that are 40 years old in great shape.

For the last several years of its operation, the Sears store in our mall had two stories: clothing, jewelry, suitcases, etc. on the 1st floor. Tools, appliances, mowers, etc. on the 2nd floor. Every time I went there, the customers were always pretty much only on the 2nd floor. I think if I had stayed on the 1st floor longer than the time it took me to get to the escalator for the 2nd, I bet I would have seen a tumbleweed or two roll by.

I think Sears should have gotten out of clothing and gone to a tool/appliance/outdoor equipment model only years ago (among other changes). There's no sense in paying so much rent for a space containing so much inventory that seems to be barely moving.